Successful Sales of 25235 Elk Lick Road in South Riding, Virginia – Twice in a Year
Successful Sales of 25235 Elk Lick Road in South Riding, Virginia
Joe Serafin of Serafin Real Estate orchestrated the successful sale of 25235 Elk Lick Road, a newly constructed early education facility in South Riding, Virginia. The property sold twice in 2018: first on April 24 for $2,177,000, achieving a record-breaking $545.61 per square foot for a vacant early education center in Loudoun County; and again on November 26 for $1,520,000, facilitating a swift exit for the interim owner.
The building, completed in 2016 but never occupied, was marketed as a turnkey opportunity in a high-demand area. Serafin Real Estate’s strategic outreach targeted national, regional, and local early education providers, emphasizing the property’s prime location and immediate usability.
Sale Details
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- First Sale Price: $2,177,000
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- Second Sale Price: $1,520,000
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- Buyer (First Sale): WEDJ Group III Inc.
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- Seller (First Sale): Carter School Realty LLC
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- Buyer (Second Sale): Carter School Realty LLC
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- Seller (Second Sale): WEDJ Group III Inc.
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- Property Type: Early Education Center
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- Sale Dates: April 24, 2018, and November 26, 2018
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- Total SF: 3,990
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- Price per SF (First Sale): $545.61
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- Price per SF (Second Sale): $380.95
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- Lot Size: 0.86 acres
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- Zoning: CR-1 with Special Exception for School Use
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- Neighborhood: South Riding, Loudoun County
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- Full Address: 25235 Elk Lick Road, Chantilly, VA 20152
Property Details
25235 Elk Lick Road is a 3,990-square-foot, single-story building situated on a 0.86-acre lot. Constructed in 2016, the facility was approved for early education use under a special exception to the CR-1 zoning designation. Despite being brand new, the building remained unoccupied due to changes in the original owner’s plans.
The property’s features include:
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- Modern construction with high-quality finishes
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- Fully equipped classrooms and administrative spaces
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- Ample parking and outdoor play areas
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- Compliance with state and local regulations for childcare facilities
Market Strategy and Execution
Serafin Real Estate‘s marketing approach highlighted:
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- The property’s turnkey condition and immediate availability
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- The scarcity of approved early education facilities in the region
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- The strong demand for childcare services in Loudoun County, driven by high household incomes and a significant population of dual-income families
By creating a competitive bidding environment and emphasizing the property’s unique advantages, Serafin Real Estate secured a record-setting price in the first sale. The second sale was executed swiftly to accommodate the seller’s need for a quick transaction.
Neighborhood Overview: South Riding, Loudoun County
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- Rapidly growing suburban community with a high concentration of young families
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- Strong demand for quality childcare and educational services
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- Proximity to major employment centers and transportation corridors
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- Limited availability of approved early education facilities, enhancing property value
Conclusion
The dual sales of 25235 Elk Lick Road in 2018 underscore Joe Serafin’s expertise in the commercial real estate market, particularly in the early education sector. By leveraging market dynamics and executing targeted marketing strategies, Serafin Real Estate achieved exceptional outcomes for both sellers, setting a new benchmark for similar properties in Loudoun County.
For more information on Serafin Real Estate’s services and listings, visit serafinre.com.
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Frequently Asked Questions
Q1: What kind of property is 25235 Elk Lick Road?
It’s a 3,990-square-foot, purpose-built early education center on a 0.86-acre lot. The property was brand new and never occupied, making it ideal for an owner-user seeking immediate occupancy in a rapidly growing community.
Q2: Why did the first buyer sell the property so quickly?
The first buyer was a national operator planning to expand into Northern Virginia. However, after other deals in the region fell through, they chose to refocus on their existing markets and opted for a fast, no-hassle resale.
Q3: What made this transaction successful—twice?
Joe Serafin’s targeted outreach, understanding of Loudoun’s childcare demand, and ability to create urgency around the expiring zoning approvals drove both a record-setting first sale and a rapid second closing.